Greece refused to accept the proposed bailout options and decided to say “no” in the referendum.
However, after 16 hours of closed meetings, their leader has given in. His answer reflects the spirit of capitulation, not defiance.
The creditors are going to implement their austerity measures including tax increases, pension cuts, even milk and bakery regulations.
The amount of 50 billion euros of Greek assets and infrastructure will be taken over by creditors and put into private investment fund for capitalists.